July 10, 2000
Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks
|
|
Company |
Mukta Arts |
Market Price |
Not listed |
Lead manager |
HSBC Securities, Enam Financial Consultants
|
Listing At |
BSE, NSE, Calcutta
|
Opening/Closing |
Bid - July 10 / July 15, Fixed Price - July 28/ August 1
|
Promoters | Subhash Ghai
|
Associate Co. |
Mukta Arts International, Mukta Tele Arts, Mukta Shakti Combines, Meghna Enterprises, Metro Films, Ghaifam Productions, Mukta Arts, Mukta Pictures, Mukta Exports, Tarudhan Farms, Drishti India, Inter Airwings
|
Managing Director |
Subhash Ghai
|
Post-issue Stake |
71.22%
|
Issue |
|
Size |
6.66 million shares aggregating Rs 1 billion
|
Price |
Face value Rs 5, Floor price Rs 150
|
On Application |
Minimum bid - 1,100 shares
|
On Allotment |
—
|
Objective |
Establish an integrated studio complex cum Research & Training Center which includes a theatre, finance the purchase of equipment for the studio, acquire rights of movies, Hindi film songs etc, finance overseas and domestic distribution network, web casting services (video and audio)
|
Business |
|
Product |
Production and distribution of entertainment content, equipment leasing
|
Location |
Bombay
|
Project cost |
Rs 1 billion
|
Funded by |
Equity
|
Kensource projections |
(2001) |
Sales |
Rs 325 million
|
Profit |
Rs 200 million
|
Earnings per share |
Rs 8.50
|
Return on equity |
17% |
Comment | High risk? Definitely. High returns? Maybe. Growth Path? Not sustainable. Future? Likewise
|
Rating *
|
C
|
* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
IPO Analysis
Tell us what you think of this feature
|